In addition to the TASE, Ormat will also be registered on a third stock exchange, and the company board is currently weighing possibilities in European and Far Eastern stock exchanges.
Ormat Technologies Inc. is expected to register for trading on the Tel Aviv Stock Exchange (TASE), following the completion of its merger with Ormat Industries Ltd.
Ormat controlling shareholders FIMI Opportunity Funds and the Bronicki family are going ahead with a merger between Ormat Industries, already listed on the TASE, and Ormat Technologies. It was initially thought that the TASE was "losing" Ormat Industries, which will be delisted, but the company has now announced that its board of directors plans to register Ormat Technologies shares on the TASE. The company reportedly hopes that Ormat will enter the Tel Aviv 25 Index.
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